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20121201
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Search Results 0 to 49 of about 68 (some duplicates have been removed)
is expected to ask congress for about $50 billion in additional emergency assistance. ruben ramirez is in seaside heights, new jersey, where business owners are striving to recover. ruben? >> reporter: thanks, tom. yes, nearly six weeks after super-storm sandy devastated this barrier island off the coast of new jersey, there's still a curfew in place. a lot of the traffic you see behind me is a lot of those longtime residents from the island and business owners who have bn going back day in and day out, trying to recover and repair whatever's left. some of those business owners we had a chance to speak to today. they say they'll reopen come next summer. >> you've kbchb in business 33 years, have you seen this sort of devastation before. >> no, nothing like this. we-- that's the reason we stayed because they were explaining that there was going to be a terrible storm. but we, of this magnitude we had no idea. this is just like -- hard to believe. >> here we are almost six weeks after the storm hit. how soon until you get the business open and up and running again? >> there's a few pr
trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how times have changed. as companies slashed jobs during the great recession worker productivity surged, today, many people are doing the job multiple people once did. >> i think our culture has gone in some direction where we feel like if we took a break we'd be considered irrelevant in the workplace and they don't need me. >> reporter: cary umhau's firm spacious is trying to re- introduce the idea of play to the workplace. tech companies have embraced play for years. at google employees get one day a week to work on their own projects. gmail and google news were born from that free time. >> increasingly you'll see businesses embrace play or unstructured play, unstructured time because that begets imagination, innovation and creativity. all of which are competitive advantages in today's world. >> reporter: twitter and facebook are famous for their hackathons
. ruben ramirez braved the crowds for a behind the scenes look at the preparations. >> reporter: the new 2013 sign is up, the ball drop has been tested. the revelers are gathering. it's a celebration new york city style. >> we've got neon trees, carly rae jepsen, taylor swift, jury from univison, the million dollar quartet.trffisau s ts hee president of countdown entertainment. the evening's festivities are part of a public-private partnership between his firm and the city of new york. >> you've got our costs, you've got the cities costs, it's a lot of money, but it's also one of the biggest events in the world. the promotion that new york city gets from times square new year's eve when the world is watching. that's priceless. >> reporter: and, that means lots of eyeballs for marketers. the big sponsors tonight, nivea, toshiba, philips and the ball's maker, waterford. >> first and foremost. this is a civic event and we needed partners who understood that the civic nature is the priority and if we could build there marketing goals into what is the tradition of the event then it works for
. >> susie: for the second year in a row, parts of the northeast are rebuilding after a hurricane. ruben ramirez reports from new jersey how areas unaccustomed to major storms are coming to terms with the aftermath. >> reporter: it was a storm the likes of which the new jersey shore had never seen. roads destroyed, property lost, much of the jersey boardwalk washed away, adding up to billions of dollars in losses. karl new is a claims adjuster for insurer american modern, accessing damage of homes, cars and boats. what's the difference between this and what you'd see in the south? >> these houses are a lot bigger. in the south, they're square, one to two stories. south carolina builds for hurricanes. these weren't built for hurricanes. >> reporter: john marchetti lives one block from the beach. >> the car was completely submerged in the garage. it was lifted up and twisted like a washing machine effect. >> reporter: to date, insurers have processed 60,000 vehicle claims in new jersey alone. the insurance information institute estimates insured losses from sandy will likely run around $19
'm ruben ramirez. still ahead, we'll take a look at how mobile payment technology may soon replace having to carry a plastic credit card. >> tom: we got another look at the economy between july and september, and it grew faster than first thought. third quarter gdp was revised higher today to just over 3%. that's up from the first estimate of 2.7%, and more than double the growth in the second quarter. fast forward to last week, and more americans filed for first- time unemployment insurance. new claims for jobless benefits rose by 17,000 to 361,000. but home sales continue strengthening. sales of previously owned homes jumped almost 6% in november to an annual rate of just over five million units. that puts 2012 on track to be the best year for sales since the housing the bubble burst. >> tom: the deal between the new york stock exchange and the intercontinental exchange caps really quite an eventful year in this industry. back in february the nyse merger with deutsch-- was blocked by european regulators so the year ends with a new deal. john kozey is with us. from manhattan. john, does
smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many the mobile phone will become a bigger part of their lives in the coming year. trendwatchers call it the mobile fingerprint or a smartphone as unique as your fingerprint. no need to type in passwords, your phone tells your computer its you, and then locks the screen when you step away. on the health front there's technology to let a smartphone help diabetics measure their glucose levels. and with retailers, going mobile means more than processing payments. >> we do something very specific which is not just focus on the mechanics of payments but the experience around it. everything from the point of sale all the way to what's in the consumers pocket and that bridge between the two is what is powerful and what is meaningful. >> reporter: telecom companies see mobile opportunities as well verizon, at&t and t-mobile are testing a service called isis. it brings together a users loyal
that were in the path of hurricane sandy are waiting fo checks as the long rebuilding effort begins. ruben ramirez spent a day with an insurance claim adjuster touring one of the hardest hit areas. >> reporter: it's the calm after the storm. empty streets. houses ripped from foundations. boats sandwiched between homes. remnants of the famous jersey shore boardwalk. >> what makes this storm different is the large amounts of sand that it brought with it. that's how it was different than katrina. the sand is bad. >> reporter: karl new is one of about 30 claims adjuster's american modern insurance dispatched to new jersey, new york, and connecticut. for the barrier island off the coast of new jersey, it was north of the eye of the storm but think of it like a windmill spinning counter-clockwise. >> seaside was hit with a 37- foot wall wave so that a pretty big wall that was coming in so that a lot of power. that's crashing in here and all that force. it's brining sand. it's bringing all that water in. >> reporter: it wasn't until nearly a month later that insurance adjuster's were allowed on t
for those who need it. ruben ramirez reports. >> reporter: billy joel, the who and bruce springsteen are just a few of the hedliners at tonight's 12-12-12 sandy relief concert. the sole beneficiary will be the robin hood foundation. the organization provides funds to about 200 non-profits in the new york area which work directly with sandy relief. bob ottenhoff is the president and c.e.o. of the center for disaster philanthropy. >> most giving to disasters occurs in the first month, but as we now know with sandy the challenges to relief to disasters go on for a long period of time. so we're still going to need lots of charitable contributions for the recovery and rebuilding period. >> reporter: the red cross has already raised $188 million for sandy relief and expects to use more than half of that by the end of the month. but with every disaster, there are always some bad actors. new york state has been at the forefront of holding non-profits accountable. the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammer
but how ready are they to leave the workforce? ruben ramirez takes a look. >> reporter: joyce and g.h. are baby boomers. joyce left her job in ad sales about five years ago. g.h. is an artist. they live comfortably and feel they've got a good financial plan. getting off on the right foot with finances usually starts early. >> my parents were both depression-era people so, yes, they talked about saving. they talked about not spending more than you can pay. all my ife,hey uld say, "have you been participating in your savings plans?" >> reporter: a new survey from t.d. ameritrade found 74% of people who felt they were prepared for retirement had automatic deposits into their 401(k) plans. the traditional advice of starting early and maxing out contributions remains true today. >> yes, you need to learn about investing; yes, you need to know about what's prudent investing for you. but ultimately, it's about putting aside money from your income, figuring out a way to budget that is within your means. >> reporter: having the discipline to save money can be challenge, but joyce and g.h. fo
will come off patent. and as ruben ramirez reports, generic drug makers have been preparing for the slowdown. >> reporter: 2012 has been a boon for generic drug makers as 40 brand name drugs lost their patent proteion, opening the door to whaamntedo around $35 llion in sales. 2013 will be a different story, with only about half as many drugs scheduled to lose their patent protections. lipitor, pfizer's blockbuster cholesterol drug, was the biggest seller to lose patent protection this year. >> there are still individual product opportunities in 2013, but i think probably more importantly is we'll see in 2013, which we'll see more of going forward, is more alternative sources of growth to sort of bolster the traditional u.s. generic source of growth. >> reporter: 2013 could also see industry consolidation as some of the bigger players look to acquire smaller rivals to beef- up their product portfolios. >> it's going to be acquiring the niche companies to help support or enable the development of a particular generic in the market. or it's going to be making strategic partnerships with types o
cuts and tax increases will impact how much money states get from the federal government. ruben ramirez reports from washington. >> reporter: we all know the numbers. failing to reach a deal by january 1 will result in $109 billion in automatic cuts to federal spending. and while that's a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. and standard & poors' gabe pettek says those details could still be months away. >> even if the policymakers in washington, d.c., resolve the immediate issue before january 1 or shortly thereafter, we think there are going to be several details related to the administration of tax policy and the way the federal government spends money that will have an important effect on state budgets. >> reporter: the pew center on the states reports around 18% of federal grants to states would be subject to sequestration's spending cuts. that works out to about $7.5 billion the states could ultimately lose. >> the real worry right now for states is that as many states start there legislative se
because the ground has absorbed that much more water. >> reporter: ron ruben is a state geologist who studies landslides all over california. he says the bay area is particularly at risk. >> the type of bedrock that we have in the bay area is generally relatively weak compared to other parts of the state and we also have additional weakness in the rocks based on the amount of faulting that's happened in the bay area. that fault activity over time will weaken rocks. >> reporter: this map of the bay area shows the areas at the highest risk of landslides along the east and south bay hills of and on the peninsula since one major predicter of landslides is previous landslides residents along canyon hikes drive here in fremont monitor the hills. this old landslide is clearly visible just above the neighborhood but juan gonzalez says there has not been too much trouble recently. >> the neighbors had a meeting in the school and they were concerned about the slides. >> reporter: it's right above the school. >> yeah. >> reporter: now, if you live right nexta hillside the experts advise you not
. >> joining me now, joel ruben. thank you for joining me. have they already crossed the red line that the president put out for intervention? should the u.s. intervene, as senator mccain is asking for? >> the situation in syria is something we've never seen before. we have a country collapsing and this country has significant weapons of mass destruction. syria has not signed a chemical weapons convention. they have not, however, moved to use these weapons but they are, according to what we know from the reporting, they are beginning to move these out of storage and the question is, what options do we have and right now the primary option is to ensure that the message is clear to assad and those around him that he cannot use these weapons in any form whatsoever and it seems to have heightened international diplomatic activity, particularly with russia in terms of getting that message out that that's a red line that can't be passed. >> how essential is russia being involved? >> russia is key. russia has been backing assad diplomatically at the u.n. and has deep ties into assad's re
happened to be in the wrong place at the wrong time. ktvu's ann ruben is here now. ann tells us why authorities would like to try these two suspects together. ann. >> well, authorities say it's a question of time and money. they had preferred to call their witnesses only once and though a trial is a long way off, today's first joint court appearance lasted just a matter of minutes. >> for the first time, they appeared in court together. 26-year-old jonathan willbanks and his alleged accomplish 15-year-old mull droe. authorities believe the two were responsible for a crime spree november 16th that include several armed robbery, the attempted murder of a police officer and the fatal shooting of a campbell man during a carjacking attempt. de spite his age, mull droe is being tried as an adult though it's only willbanks who can potentially face the death penalty. neither entered a plea today. in the coming weeks as many as 50 cds worth of police reports, recordings and surveillance images will be compiled. authorities say with the case of this magnitude, the wheels of justice turn a lit
. joining me now is former state department egypt officer joel ruben. good to have you here. this long-awaited independent report on the attack that killed u.s. ambassador chris stevens and three others in benghazi is going to be presented to the state department today. secretary clinton is not going to be there. is it crucial that she testify at some point in all of this, because this is another example of where she's not appearing before these meetings, before these committees. >> well, thomas, this is a very important week for the accountability review board. the results are coming out today to the state department. they'll be in open session later in the week with the two top deputies to secretary clinton. it is unfortunate that she's ill and certainly to have her forcefully communicate the results of the report would be excellent. she is the best at this, the best that the administration has to offer, but her deputies are very strong and they will make the arguments that need to be made. >> all right. so the senate committee, headed by john kerry, who is expected to succeed clinto
Search Results 0 to 49 of about 68 (some duplicates have been removed)

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